Krishca Strapping Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 19, 2023Let’s have a detailed review of the company and analytics of the Krishca Strapping Solutions IPO release date, IPO offer price, subscription, Krishca Strapping Solutions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 51 to Rs 54 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | May 29, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 1,793 Lakh |
| Tick Size | 1 |
Krishca Strapping Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Krishca Strapping Solutions Share Price |
Krishca Strapping Solutions IPO – Summary
Established in the year 2017 in Sivakasi, Tamil Nadu, “Krishca Strapping Solutions Private Limited” is a Private Limited based firm, engaged as the Manufacturer and Wholesaler of Strapping Tools, Strapping Seal, etc. Their products are in high demand due to their premium quality and affordable prices.
At their Chennai facility, Heat treated high tensile Steel Straps is manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers.
The Promoter of this company is MR. LENIN KRISHNAMOORTHY BALAMANIKANDAN. The lead manager of the issue is SHARE INDIA CAPITAL SERVICES PVT. LTD. and the Registrar of this issue are PURVA SHAREGISTRY INDIA PRIVATE LIMITED.
Krishca Strapping Solutions IPO Date
The opening and closing dates of Krishca Strapping Solutions IPO are May 16, 2023 and May 19, 2023 respectively.
Krishca Strapping Solutions IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 16th May | 1.75x | 25.86x | 44.63x | 20.38x |
| 2nd Day – 17th May | 1.89x | 63.91x | 136.22x | 58.21x |
| 3rd Day – 18th May | 4.82x | 150.47x | 291.94x | 127.16x |
| 4th Day – 19th May | 36.10x | 786.89x | 572.83x | 336.57x |
| Shares Offered or Net Issue | 1,208,000 | 362,400 | 845,600 | 2,416,000 |
The shares subscribed by the public will be updated here.
Krishca Strapping Solutions IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Krishca Strapping Solutions Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | May 24, 2023 |
| Refunds Initiation | May 25, 2023 |
| Credit of Shares to Demat Account | May 26, 2023 |
| Share Listing Date | May 29, 2023 |
Krishca Strapping Solutions IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 51 to Rs 54
Krishca Strapping Solutions IPO Equity Size
This Initial Public Issue of 3,320,000 Equity Shares of Rs.10 each for cash at a price of Rs 51 to Rs 54 per equity share aggregating to Rs.1,793 Lakh.
Krishca Strapping Solutions IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,320,000 Equity Shares of Rs.10/ each.
Issue Size: 3,320,000 Equity Shares of Rs.10 each, aggregating to Rs.1,793 Lakh
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Krishca Strapping Solutions IPO – Live Performance
The listing date of this IPO is May 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Krishca Strapping Solutions Share Price |
Krishca Strapping Solutions IPO Grey Market Premium
The Krishca Strapping Solutions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Krishca Strapping Solutions IPO – Company Overview
At Krishca Strapping, they provide products and solutions that are aimed at bringing to its customers the best, in terms of quality and service. Their beliefs, commitment and ethics are defined by every employee. At Krishca Strapping, they believe in continuous innovation with end-to-end solutions.
It is important to them that they consistently provide a high-quality product with good value. Their manufacturing processes at every step of the way are leading-edge, sophisticated and standardized to ensure consistent quality.
Their employees are trained in human relations skills, and make sure they understand the importance of safe production. They have the most brilliant people working with them in the industry who understand the demands of the market.
Their quality control process mandates periodic sampling at every stage of the production process. Samples are taken at regular intervals
Krishca Strapping Solutions IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 15-Feb-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,696.96 | 1,544.00 | 1,292.02 | 915.75 |
| *Total Revenue | 6,351.23 | 1,871.71 | 971.05 | 98.15 |
| Total Expense | 5,430.48 | 1,700.00 | 1,038.30 | 322.68 |
| Profit After Tax | 785.75 | 150.54 | (67.25) | (223.92) |
Earnings per Equity Share (in Lakh)
| 15-Feb-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 15.71 | 3.01 | 2.33 | 7.43 |
Further, their PAT for the period ended on Feb 15, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 785.75 Lakh, Rs. 150.54 Lakh, Rs. (67.25) Lakh and Rs. (223.92) Lakh respectively.
Krishca Strapping Solutions IPO – Promoters
The Promoter of this company is:
- MR. LENIN KRISHNAMOORTHY BALAMANIKANDAN
List of Related Parties (Key Managerial Personnel)
- Lenin Krishnamoorthy Balamanikandan, Executive Director
- Terli Venkata Shivaji, Executive Director
- Navaneethakrishnan Saraladevi, Executive Director
- Saravanakumar Ramya, Non-executive Director
- Achaya Kumarasamy, Non-executive Director
Krishca Strapping Solutions IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Krishca Strapping Solutions IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3320000 Equity Shares aggregating up to Rs.1,793 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Krishca Strapping Solutions IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Capital Expenditure for setting up of New Strapping Line;
- Repayment of certain secured borrowings in full availed by their Company;
- General Corporate Expenses; and
- Issue Expenses
Krishca Strapping Solutions IPO – Business Strategy
- To carry on the business of manufacturing, trading, importing, exporting and dealing
- To carry on business as traders, manufacturers and fabricators of metal and non-metallic strappings
- Carry on business as traders, manufacturers and fabricators of seals of various types
- To carry on the business of manufacturing, producing, treating, selling, purchasing, importing, export
Krishca Strapping Solutions IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Well-equipped with advanced technology
- Experienced Promoters and Technically Sound Operation Team
- Track record of growth and profitability
- First Remote Pilot Training Organizations in Maharashtra.
- Long term relationship with clients and repeat business
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.01 | 0.94 | 3.19 |
| 31-Mar-21 | (2.33) | 0.58 | (3.99) |
| Mar-20 | (7.43) | (3.48) | 2.13 |
Krishca Strapping Solutions IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Krishca Strapping Solutions Limited | 10 | [●] | 13.49 | 0.81 | 5234.70 |
| Listed Peers | |||||
| Usha Martin Ltd | 1 | 26.85 | 6.94 | 22.78 | 181005 |
| Metal Coatings India Ltd | 10 | 22.06 | 4.50 | 8.31 | 14226 |
Krishca Strapping Solutions IPO Lead Managers
| Lead Managers |
| SHARE INDIA CAPITAL SERVICES PVT. LTD. Address: A-15, Sector-64, Noida – 201301, Uttar Pradesh, India. Tel No.: +91-0120-4910000 Email: anand.srivastava@shareindia.co.in Contact Person: Mr Anand Srivastava Website: www.shareindia.com SEBI Registration No.: INM000012537 |
Krishca Strapping Solutions IPO Registrar to offer
| Registrar to the Offer |
| PURVA SHAREGISTRY INDIA PRIVATE LIMITED Address: 9 Shiv Shakti Industrial Estate, J.R Boricha Marg, Lower Parel (East), Mumbai- 400011, Maharashtra Tel. No.: +91-022-2301 8261 Email id: support@purvashare.com Contact Person: Ms Deepali Dhuri SEBI Regn No. INR000001112 |
Krishca Strapping Solutions IPO – Other Details
- Statutory Auditor – M/s L.U. Krishnan & Co. Chartered Accountants
- Legal Counsel to the Company – Adv. S. Roshan
- Bankers to the Company – NA
Krishca Strapping Solutions IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Krishca Strapping Solutions Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Krishca Strapping Solutions IPO Review FAQs
Check out various FAQs related to Krishca Strapping Solutions IPO:
What is the Issue Size of Krishca Strapping Solutions IPO?
The Company is making an initial public offer of 3,320,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Krishca Strapping Solutions IPO?
The price band for this particular IPO ranges between Rs 51 to Rs 54. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Krishca Strapping IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 16, 2023, while the closing date is set at May 19, 2023.
What is the Krishca Strapping IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on May 24, 2023, refund initiation is on May 25, 2023, credit of shares is on May 26, 2023, and share listing date is on May 29, 2023.
What is the Krishca Strapping Solutions IPO Listing Date?
Shares of this company shall be listed in the exchanges May 29, 2023. The date, when the listing would be done, is stagnant on May 29, 2023.
Who is the Registrar of Krishca Strapping IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Purva Sharegistry India Pvt Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Krishca Strapping IPO?
Here are the promoters of this IPO – MR. LENIN KRISHNAMOORTHY BALAMANIKANDAN. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Krishca Strapping IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Krishca Strapping IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Krishca Strapping Solutions Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 150.54, 2021 is (67.25), and 2020 is (223.92). PAT from Feb 2022 is 785.75.
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